US Dollar Euphoria and Gold

The US dollar has rocketed higher since early November’s US presidential election, rivaling the massive gains seen in the stock markets. With the world’s reserve currency catapulted to extreme secular highs, dollar euphoria has naturally exploded. Traders are overwhelmingly betting the dollar’s strong upside will continue. But this greed-drenched currency looks very toppy and ready to fall, which is very bullish for gold.